Hermes Investment Management has opened new offices in Frankfurt and Copenhagen as part of a push into continental Europe with Brexit imminent.
Hermes is headquartered in London and also has offices in Singapore, New York and Dublin. The group has €37.3bn assets under management.
Antonis Maggoutas, Director of Business Development for Austria and Germany will be based in the Frankfurt office, and Magnus Kristensen, Director of Business Development for the Nordic Region, will head the Copenhagen office.
Earlier this year, Hermes established an Irish domiciled management company, Hermes Fund Managers Ireland, as part of its Brexit mitigation strategy, and broader plans for European expansion.
Harriet Steel, Head of Business Development, Hermes Investment Management said: “We have built a strong institutional and wholesale client base in Europe, the establishment of our Frankfurt and Copenhagen offices is the next logical step for Hermes.
“By building a presence on the ground in continental Europe, we will be able to extend the reach of our product offering, client service and stewardship and engagement services.”